MarketWatch reported that the consulting firm Brand Finance estimated that tourists would spend more than a billion dollars while visiting London for Prince Harry and Meghan Markle's wedding in Between July and October, tourists can visit Buckingham Palace. They can also take a tour of Windsor Castle during certain times of the year as well. As the queen and her family continue to receive worldwide media attention, tourism associated with the family continues to grow.
From to according to Statista , revenue from ticket admissions to the Royal Estate exceeded 48 million British pounds in addition to over 21 million British pounds in retail sales. Sign up for our newsletter Subscribe for our daily curated newsletter to receive the latest exclusive Reuters coverage delivered to your inbox.
Sign up. Over the years, however, the sensible and clever ones grew out of them. That, at least, is what people will tell you in republics like France, the United States or the previous Soviet Union. Monarchy-lovers will respond that the really clever countries kept hold of their monarchies with all their pomp and circumstance, their humanity and fallibility.
In , the impoverished King John had to turn to his people for money. So in North America, sitting above the great republic of the United States, is a monarchy — the Commonwealth realm of Canada. Royal people smile a lot — and wave. In their role across the Commonwealth today, they are morale boosters, often bringing glamour to the opening of the new power station or hospital wing.
Younger members of the family are expected to join the armed forces or participate in some obviously useful social service, heading up worthy charities. Making too much money is considered taboo. As the mouthpiece of that government, she theoretically has no opinions of her own — and the same goes for her relatives. The British royal family are not supposed to express political opinions, although they are allowed to support football teams Prince William cheers on Aston Villa.
People identify with people. Politicians come and go, but over the generations a successful royal family creates a sense of human continuity at the heart of a society.
People get to know their royals — the ones they look up to and the ones they do not. However, it could become a permanent tourist attraction if the Queen were to officially move out. The palace is property of the Crown Estate, which Queen Elizabeth is the owner of as long as she is monarch.
However, this would change if she was no longer Head of State, according to the Crown Estate's official website. Other residences that are Crown-owned that the Queen would have to give up include Windsor Castle her Easter residence , and the Palace of Holyroodhouse her Edinburgh residence. Therefore, it's likely she would choose one of these as her new permanent residence. This isn't an unusual circumstance for royal families from abolished monarchies, according to Koenig.
At the age of 94 and 72 respectively, it's possible that the Queen and Prince Charles, who is heir to the throne, would retire from public life if the monarchy was abolished. It's more likely that the younger generation of royals, such as Kate Middleton and Prince William, would follow Prince Harry and Meghan Markle's lead and try to shape their own careers. The Duke and Duchess of Sussex said during their Oprah interview that the royal family had cut them off financially at the beginning of , meaning the couple had to rely on Harry's inheritance from Princess Diana.
Meanwhile, Markle narrated the Disney Plus documentary, "Elephant," which premiered in
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